Climate change

Legislation backed by Illinois Gov. J.B. Pritzker gives two municipally owned coal plants more time to cut carbon emissions but they still face closure in 2045.

Boston-based Breckinridge will partner with Harrington Cooper to specialize in investment grade fixed-income and ESG integration for investors in the UK, Ireland, Continental Europe and Japan.

The Bond Buyer is seeking industry-wide input on environmental, social and governance factors in the public finance space.

The weirdness of this storm adds yet another layer of complexity to the vexing problem of coping with climate change.

Municipal issuers with the biggest threats from physical climate risk also have the largest liabilities for carbon transition.

The drenching of several regions exposed vulnerabilities that vary by state, and recurring problems that could jeopardize municipal credit.

The transition should not affect state credit, said John Ceffalio, senior research analyst for municipals at CreditSights.

John Ceffalio, Senior Municipal Research Analyst at CreditSights, talks with Chip Barnett about what to expect in the second half of the year. He discusses municipal bond market fundamentals, credit and climate disclosure. And he looks at the pandemic’s long-term risks for U.S. cities as the work-from-home culture becomes stronger and how higher education will cope with a new reality. (18 minutes)

The shutdown of a major California hydroelectric power facility underscores the severity of drought conditions in the state.

Rising sea levels could make catastrophic events such as recent subway flooding more intense and frequent in places including New York and Boston.